Russian trade in goods with Germany in Q4 2017

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia

The Report on Russia’s foreign trade in goods with Germany in the fourth quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Germany

In the 4th quarter of 2017, Russia’s trade with Germany totaled $14,586,365,269, up 23.07% ($2,734,477,070) from the 4th quarter of 2016.

Russia’s exports to Germany in the 4th quarter of 2017 totaled $7,618,353,583, up 19.78% ($1,258,155,613) from the 4th quarter of 2016.

Russia’s imports from Germany in the 4th quarter of 2017 totaled $6,968,011,686, up 26.88% ($1,476,321,457) from the 4th quarter of 2016.

Russia’s trade surplus with Germany in the 4th quarter of 2017 was $650,341,897, a 25.12% decrease ($218,165,844) over the 4th quarter of 2016.

Germany was Russia’s 2nd largest trading partner in the 4th quarter of 2017 (just as in the 4th quarter of 2016), accounting for 8.7268% of Russia’s total trade (up from 8.6974% in the 4th quarter of 2016).

Germany was Russia’s 3rd largest export market in the 4th quarter of 2017 (just as in the 4th quarter of 2016), accounting for 7.4062% of Russia’s total exports (down from 7.5864% in the 4th quarter of 2016).

Germany was Russia’s 2nd largest supplier in the 4th quarter of 2017 (just as in the 4th quarter of 2016), accounting for 10.8401% of Russia’s total imports (up from 10.4740% in the 4th quarter of 2016).

Russia’s Exports to Germany

The major share of Russian exports to Germany in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

Mineral products (HS codes 25-27) - 86.12% of Russia’s total exports to Germany (86.37% in the 4th quarter of 2016);

Metals and products from them (HS codes 72-83) - 4.86% of Russia’s total exports to Germany (3.52% in the 4th quarter of 2016);

Chemical products (HS codes 28-40) - 3.05% of Russia’s total exports to Germany (4.22% in the 4th quarter of 2016);

Machinery, equipment and vehicles (HS codes 84-90) - 2.79% of Russia’s total exports to Germany (2.87% in the 4th quarter of 2016);

Wood and wood products (HS codes 44-49) - 1.29% of Russia’s total exports to Germany (1.22% in the 4th quarter of 2016).

The largest gains in Russia’s exports to Germany in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $218,358,682;

Pharmaceutical products (HS code 30) - an increase of $135,002,632;

Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $125,820,791;